ITI Mutual Fund

ITI Asset Management Limited is a mutual fund company based in Mumbai, India. The company offers a range of mutual fund products, including equity, debt, and hybrid funds. ITI Asset Management is India’s emerging mutual fund company with over Rs. 1178 crore in assets under management till 31 March 2021.

The ITI Asset Management company was founded on 10 January 2008 and they introduced ITI Mutual Funds.

Best ITI Mutual Funds

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
ITI Long Term Equity Fund Equity 2 154 6.1 14.6 -
ITI Multi Cap Fund Equity - 480 6.4 11.6 -
ITI Liquid Fund Debt 2 38 4.5 3.7 -
ITI Overnight Fund Debt 1 35 4.4 3.6 -
ITI Arbitrage Fund Hybrid 1 8.89 2.9 3.3 -
ITI Banking and Financial Services Fund Equity - 213 13.3 - -
ITI Ultra Short Duration Fund Debt 2 127 4.4 - -
ITI Large Cap Fund Equity - 203 5.0 - -
ITI Value Fund Equity - 146 9.3 - -
ITI Dynamic Bond Fund Debt - 22 4.5 - -
ITI Banking & PSU Debt Fund Debt 5 27 4.5 - -
ITI Balanced Advantage Fund Hybrid - 561 0.1 - -
ITI Conservative Hybrid Fund Hybrid - 24 - - -
ITI Small Cap Fund Equity - 424 0.1 - -
ITI Mid Cap Fund Equity - 421 4.4 - -
ITI Pharma and Healthcare Fund Equity - 171 0.6 - -

The Investment Trust of India Limited and Fortune Credit Capital Limited are the company’s key sponsors.

As a reputed AMC since 2018, ITI Asset Management Limited understands that balancing risk and reward is a big part of investing for the investors whether they are looking to set aside extra cash for retirement or just hoping to get a better return on their savings.

The company has been investing a lot of money into research and development, enabling them to keep ahead of its competitors. With highly qualified and experienced investment and funds managers, ITI assures that each penny of the investors must pay good returns over the period.

ITI Asset Management offers 15 mutual funds schemes that diversify the investor’s portfolio. The equity funds segment has the most number of 8 mutual funds schemes followed by debt and hybrid funds.

The company has around 190 offices in India’s major cities and towns with over 3000 employees.

ITI AMC Ltd Key Information

Mutual Fund ITI Asset Management Ltd.
Sponsors The Investment Trust of India Ltd. and Fortune Credit Capital Ltd.
Incorporation Date Jan-10-2008
Setup Date May-14-2018
CEO and MD Mr. George Heber Joseph
CIO Mr. George Heber Joseph
Compliance Officer Mr. S. Grace Raxelin Rabi
Investor Service Officer Ms. Pallavi Singh
Auditors S. R. Batliboi & Co. LLP
Assets Managed Rs. 1178.53 crore (Mar-31-2021)
Registrars M/s Karvy Computershare Pvt. Ltd
Helpline 1800-266-9603
Email  mfassist@itiorg.com
Address Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg,

Elphinstone Road, Mumbai 400013

ITI Mutual Fund Managers

Pradeep Gokhale

Mr. Pradeep is a highly qualified Chartered Accountant and Chartered Financial Analyst with over 23 years of experience in the finance industry. He has worked in various roles in Fund Management, Equity Research, Credit Evaluation, and Ratings with top companies like Tata Asset Management Ltd., CARE Ratings Ltd., Bombay Dyeing, Tata International, and Lubrizol India Ltd.

As of now, Mr. Gokhale manages an AUM of 2371 crores and 20 schemes.

George Heber Joseph

George has years of experience in the financial world, with dual Bachelor’s Degrees in English Language & Literature and Commerce, and qualifications as a Chartered Accountant from the Institute of Chartered Accountants of India and a Cost and Management Accountant from the Institute of Cost Accountants of India. He has worked in various roles in the finance sector for companies such as ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro, and DSP Merrill Lynch Ltd.

As of now, Mr. Joseph manages an AUM of 2015 crores and 28 schemes.

Pratibh Agarwal

Agarwal has worked in many esteemed positions, such as Research Associate at Nippon India Asset Management, Senior Consultant at Yoctel Solutions Ltd., and Engineer at Alcatel Lucent Ltd. He is now a Master of Technology from IIT Kanpur and works as an ITI Asset Management fund manager.

As of now, Mr. Agarwal manages an AUM of 110 crores and three schemes.

Hetal Gada

Before joining ITI AMC, Ms. Gada worked in the finance industry for several years. She handled research on the auto and consumer sectors at Centrum. She worked for Elara Securities and CRISIL for 2 and 3 years, respectively, where she conducted research on various sectors, including metals.

As of now, Ms. Gada manages an AUM of 110 crores and three schemes.

Rohan Korde

Before joining ITI Asset Management Limited, Mr. Korde worked in various finance-related positions at BOB Capital Markets, Prabhudas Lilladher, and Anand Rathi Share & Stock Brokers. He has a Masters in Management Studies (Finance) and a Bachelor of Commerce from reputed universities.

As of now, Mr. Korde manages an AUM of 322 crores and six schemes.

Vikrant Mehta

Mr Vikrant Mehta joined ITI Mutual Fund in January 2021 and is currently leading the Fixed Income group. He has more than 25 years of experience in the emerging markets segment. 

Before joining ITI Mutual Fund, Vikrant headed the Fixed Income group at Indiabulls Asset Management. His previous stints include PineBridge Investments, AIF, NVS Brokerage, Morgan Stanley and Mata Securities.

He is currently managing schemes like ITI Banking & PSU Debt Fund Direct-Growth, ITI Dynamic Bond Fund Direct-Growth and ITI Liquid Fund Direct-Growth.

How to Invest in ITI Mutual Fund?

You can invest in any ITI Mutual fund scheme via 5paisa App and Website. To start your investment, all you need is an All-in-one account with 5paisa. With this account, you can buy shares, mutual funds, insurance and gold.

If you do not have one, open an account today! 

Opening an All-in-one account with 5paisa is simple, easy and hassle-free.

You can follow the below steps to invest in ITI Mutual Fund on 5paisa.

Step 1 – Login to 5paisa. If you do not have an account, you can register and create a new one immediately. The process is simple and takes hardly any time. 

Step 2 – After logging in to your account, you can search for the preferred ITI Mutual fund scheme. If you do not know the name, you can search for it. Click on the filter for All Mutual Funds and choose ITI AMC from the filter. You will get a result with all the mutual funds offered by ITI. It will allow you to look at the details of the funds and compare them as well. 

Step 3 – Select the best fund as per your requirements and goals. For your convenience, 5paisa has segregated the funds into large-cap, mid-cap, small-cap, multi-cap, ELSS, dividend yield, sectoral/thematic and focused. Each of these categories will also show the top funds you can choose.

Step 4 – If you wish to invest a lumpsum amount, click on “One-Time.” Alternatively, you can start a SIP by clicking on “Start SIP”. You can also find lump sum and SIP calculators on the 5paisa website and app to calculate the estimated return on the whole investment period. The calculator will help you make an informed decision and tweak your investment amount or tenure to meet your goals.

Step 5 – Once you have paid, you will see the investment status in your order book.

Your ITI Mutual Fund Online Investment with 5paisa is complete, and you can enjoy the returns!

Top 10 ITI Mutual Funds to Invest

ITI Balanced Advantage Fund

Falling in the moderate-risk category, the ITI Balance Advantaged Fund is an open-ended scheme ideal for those who are seeking capital appreciation by investing in equity and equity-related securities and fixed income instruments.

The fund invests 64.81% of its assets in domestic equities. The allocation to large-cap stocks is 59.84%, and to mid-cap stocks is 1.46%. The ITI Balanced Advantage Fund has 18.14% investment in debt, of which 17.62% is in government securities and 0.52% is in low-risk securities.

The fund has given an annualised return of 2.57% in the last year.

Category: Dynamic Asset Allocation 

Scheme Type: Hybrid

NAV 10.3091 as on 29/07/2022

AUM: INR 575.32 Crores 

Inception Date: 30th December 2019 

Fund Manager: Mr Pradeep Gokhale, Mr Rohan Korde, Mr Vikrant Mehta 

Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index

SIP (Minimum Amount): INR 500 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase

Min Investment Amt ₹5,000
AUM ₹561 Cr
1Y Returns 0.1%

ITI Mid Cap Fund

 ITI Mid Cap Fund Direct-Growth is an equity fund with a 98.94% investment in domestic equities. Out of this, the fund invests 14.64% in large-cap stocks, 59.12% in mid-cap stocks and 9.6% in Small Cap stocks.

The fund was launched in 2021 and has delivered an annualised return of –1.67% in the last year.

Category: Mid Cap 

Scheme Type: Equity

NAV 10.8293 as on 28/07/2022

AUM: INR 348.42 Crores 

Inception Date: 5th March 2021

Fund Manager: Mr Pradeep Gokhale and Mr Rohan Korde 

Benchmark: Nifty Midcap 150 TRI

SIP (Minimum Amount): INR 500 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase.

Min Investment Amt ₹5,000
AUM ₹421 Cr
1Y Returns 4.4%

ITI Large Cap Fund

The ITI Large Cap Fund has a 99.15% investment in domestic equities. Out of this, 84.53% is in large-cap stocks, and 5.35% is in mid-cap stocks.

This fund was launched in 2020 and has delivered an annualised return of 0.33% in the last year. 

Category: Large Cap 

Scheme Type: Equity

NAV 11.3816 as on 28/07/2022

AUM: INR 181.87 Crores 

Inception Date: 24th December 2020

Fund Manager: Mr Pradeep Gokhale and Mr Rohan Korde 

Benchmark: Nifty 100 TRI

SIP (Minimum Amount): INR 500/- 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase. 

Min Investment Amt ₹5,000
AUM ₹203 Cr
1Y Returns 5.0%

ITI Small Cap Fund

The ITI Small Cap Fund Direct-Growth invests 98.18% of its assets in domestic equities. The composition of stocks comprises 6.92% large-cap stocks, 8.16% mid-cap stocks and 71.72% small-cap stocks.

This fund was launched in 2020 and has delivered an annualised return of -15.17% in the last year.

Category: Small Cap 

Scheme Type: Equity

NAV 13.2474 as on 28/07/2022

AUM: INR 359.27 Crores 

Inception Date: 17th February 2020

Fund Manager: Mr Pratibh Agarwal and Ms Hetal Gada 

Benchmark: Nifty Smallcap 250 TRI

SIP (Minimum Amount): INR 500

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase

Min Investment Amt ₹5,000
AUM ₹424 Cr
1Y Returns 0.1%

ITI Multi Cap Fund

The ITI Large Cap Fund invests 99.21% of its assets in domestic equities with. a healthy balance of all kinds of stocks. The composition of stocks comprises 42.27% large-cap stocks, 24.54% mid-cap stocks and 20.95% small-cap stocks.

This fund was launched in 2022 and has delivered an annualised return of -6.94%% in the last year. It gave returns of 10.84% in the last three years.

Category: Multi Cap 

Scheme Type: Equity

NAV 113.0132 as on 28/07/2022

AUM: INR 368.29 Crores 

Inception Date: 15th May 2019

Fund Manager: Mr Pratibh Agarwal and Ms Hetal Gada 

Benchmark: Nifty 500 Multicap 50:25:25 TRI

SIP (Minimum Amount): INR 500/- 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000/- and INR 1,000 for any additional purchase.

Min Investment Amt ₹1,000
AUM ₹480 Cr
1Y Returns 6.4%

ITI Banking & PSU Debt Fund

The ITI Banking and PSU Debt Fund is an open-ended scheme that predominately invests in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

Currently, it invests 54.6% of its assets in debt, of which 5.88% is in government securities and 48.72% is in low-risk securities.

This fund was launched in 2022 and delivered a return of 3.87% in the last year.

Category: Banking and PSU Fund

Scheme Type: Debt

NAV 10.6848 as on 27/07/2022

AUM: INR 31.05 Crores 

Inception Date: 20th October 2020

Fund Manager: Mr Vikrant Mehta 

Benchmark: Crisil Banking & PSU Debt Index

SIP (Minimum Amount): INR 500

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase.

Min Investment Amt ₹5,000
AUM ₹27 Cr
1Y Returns 4.5%

ITI Liquid Fund

The ITI Liquid Fund invests in short-term assets through a portfolio of money market and debt securities. The fund invests 92.97% of its assets in debt, of which 66.68% is in government securities and 26.29% is in low-risk securities. 

The fund gave returns of 3.61% in the last year and 3.62% in the last three years.

Category: Liquid Fund

Scheme Type: Debt

NAV 1126.204 as on 28/07/2022

AUM: INR 41.17 Crores 

Inception Date: 24th April 2019

Fund Manager: Mr Vikrant Mehta 

Benchmark: CRISIL Liquid Fund AI Index

SIP (Minimum Amount): INR 500 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase

Min Investment Amt ₹5,000
AUM ₹38 Cr
1Y Returns 4.5%

ITI Overnight Fund

The ITI Liquid Fund is a low-risk scheme providing a high level of liquidity by primarily investing in overnight securities having a maturity of one business day. 

It gave a return performance of 3.56% last year.

Category: Overnight Fund

Scheme Type: Debt

NAV 1095.9005 as on 28/07/2022

AUM: INR 39.58 Crores 

Inception Date: 25th October 2019

Fund Manager: Mr Vikrant Mehta 

Benchmark: CRISIL Overnight Fund AI Index

SIP (Minimum Amount): INR 500

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,00 and INR 1,000 for any additional purchase 

Min Investment Amt ₹5,000
AUM ₹35 Cr
1Y Returns 4.4%

ITI Pharma and Healthcare Fund

The ITI Pharma and Healthcare Fund is an open-ended scheme that invests equity and equity-related securities of companies engaged in pharma and healthcare. The fund has a 99.64% allocation in domestic equities. The fund investment comprises 49.37% in large-cap stocks, 21.88% in mid-cap stocks, and 20.83% in small-cap stocks. 

Category: Sectoral

Scheme Type: Equity

NAV 9.058 as on 29/07/2022

AUM: INR 155.46 Crores 

Inception Date: 8th November 2021

Fund Manager: Mr Pradeep Gokhale, Mr Rohan Korde, Mr Pratibh Agarwal, Ms Hetal Gada

Benchmark: Nifty Healthcare TRI

SIP (Minimum Amount): INR 500 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase

Min Investment Amt ₹5,000
AUM ₹171 Cr
1Y Returns 0.6%

ITI Arbitrage Fund

The ITI Arbitrage Fund is a low-risk, short-term scheme that predominantly invests in arbitrage opportunities in the equity markets’ cash and derivative segments and the arbitrage opportunities available within the derivative segment by investing the balance in debt and money market instruments.

The fund invests 68.35% assets in domestic equities. It has 40.68% investment in large-cap stocks, 16.24% in mid-cap stocks, and 5.84% in small-cap stocks.

The fund has given an annualised return of 2.72% in the last year.

Category: Arbitrage

Scheme Type: Equity

NAV 10.835 as on 28/07/2022

AUM: INR 12.02 Crores 

Inception Date: 9th September 2019

Fund Manager: Mr Rohan Korde and Ms Vikrant Mehta 

Benchmark: NIFTY 50 Arbitrage Index

SIP (Minimum Amount): INR 500 

SIP Frequency: Monthly

Minimum Investment Amount: INR 5,000 and INR 1,000 for any additional purchase

Min Investment Amt ₹5,000
AUM ₹8.89 Cr
1Y Returns 2.9%

Frequently Asked Questions

You can easily invest in any of your preferred ITI mutual funds by making an account at 5Paisa. You can follow a simple process to get your mutual fund started. Another option is to log in to the fund’s AMC website to invest in a mutual fund online. Alternatively, you can use any other online platform to invest in an ITI mutual fund.

You can also do it offline by visiting an office of the fund house, filling out the form and completing the other formalities. You can use the AMC website to find the nearest branch to your home.

The answer depends upon your financial goals. The 5paisa mutual fund SIP calculator can help you discern the expected returns by changing your SIP amount and tenure. It is advisable to keep the amount to a reasonable amount so that your monthly budget is not affected.

You can calculate the SIP amount by considering a few factors. The expected interest rate, past performance of the mutual fund, your goals and objectives, and preferred tenure for the fund can help you decide the SIP amount.

If you want to invest in a tax-saving scheme, ensure the yearly investment gives you the maximum benefit.

The minimum amount for each ITI mutual fund depends on your selected option. However, the lowest amount you can choose for an ITI mutual fund SIP is INR 500, while it is INR 5000 for a lump sum investment.

Yes, it is possible to increase your SIP amount even when you have already started your fund investments. You can opt for either top-up or step-up facilities. However, it is advisable to check with your fund house and get an idea of the SIP amount before deciding.

Yes, you can easily stop your SIP investments by sending a request to cancel your SIP. Make sure you have completed three years if your fund is an Equity Linked Saving Scheme or ELSS. You must share your folio number if you want to complete this process online. For other online websites, you can follow their process to stop your investment.

Stopping your investment does not mean you are redeeming your mutual fund. You can let your investment stay and withdraw at an appropriate time.

You can redeem or withdraw your ITI mutual fund by visiting the office of the fund house and filling out the required form. It is also possible to redeem your ITI mutual fund by logging in to the fund’s official website and signing in the folio number. 

If you used an online platform to invest in a mutual fund, you could log in to exit your ITI mutual fund.

With 5Paisa, you can easily invest in ITI Mutual Fund and other investment options at ZERO commission. In addition, investing with 5Paisa is safe and enables you to the benefits such as:

  • Professional Management 
  • Simple SIP or lump sum investment process 
  • Liquidity Transparency 
  • You can invest in mutual funds by starting a SIP as low as INR 500 or with a lump sum of INR 5000
  • Flexibility to choose from a wide range of options

 

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